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Analysts Offer Insights on Materials Companies: Westgold Resources Ltd (OtherWTGRF) and Alkane Resources Ltd (OtherALKEF)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Westgold Resources Ltd (WTGRFResearch Report) and Alkane Resources Ltd (ALKEFResearch Report) with bullish sentiments.

Westgold Resources Ltd (WTGRF)

According to TipRanks.com, McCormack is a 1-star analyst with an average return of -7.1% and a 25.0% success rate. McCormack covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Panoramic Resources Limited, and Northern Star Resources Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Westgold Resources Ltd with a $1.77 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Alkane Resources Ltd (ALKEF)

The company’s shares closed last Tuesday at $0.65.

According to TipRanks.com, Watson is a 3-star analyst with an average return of 7.3% and a 35.7% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Gold Road Resources Ltd, and Mincor Resources NL.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alkane Resources Ltd with a $0.92 average price target, which is a 38.3% upside from current levels. In a report released yesterday, Ord Minnett also maintained a Buy rating on the stock with a price target.

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